Public Employees Retirement System of Ohio Takes $8.83 Million Position in Texas Roadhouse, Inc. $TXRH

Public Employees Retirement System of Ohio bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, Holdings Channel reports. The firm bought 45,684 shares of the restaurant operator’s stock, valued at approximately $8,828,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at $25,000. Basecamp Wealth Advisors LLC increased its stake in shares of Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth about $32,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $34,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Lloyd Paul Marshall sold 500 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the sale, the insider owned 9,826 shares of the company’s stock, valued at approximately $2,010,890.90. The trade was a 4.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the transaction, the director owned 26,900 shares in the company, valued at $5,603,808. This trade represents a 10.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 20,396 shares of company stock worth $4,143,825. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 1.7%

Shares of TXRH opened at $195.60 on Tuesday. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $216.30. The firm has a market cap of $12.84 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The firm’s 50-day simple moving average is $198.51 and its 200 day simple moving average is $180.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $1.86 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is currently 48.00%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Stifel Nicolaus raised their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada lifted their target price on Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Wednesday, August 26th. Finally, BTIG Research increased their price target on Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average target price of $208.48.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.